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SCRL, which is headquartered at Avenue Adele 1, 1310 La Hulpe, Belgium You may want to consider alternatives like , who are up to 5x cheaper than banks for sending and receiving money abroad
Your money is protected with bank-level security All 11 digit codes refer to specific branches, while 8 digit codes or those ending in 'XXX' refer to the head or primary office

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You get a great exchange rate and a low, upfront fee every time.

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The downside of international transfers with your bank When you send or receive an international wire with your bank, you might lose money on a bad exchange rate
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You join over 2 million customers who transfer in 47 currencies across 70 countries
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The acronym SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication
SWIFT codes comprise of 8 or 11 characters inactive codes are excluded from the list
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SWIFT codes comprise of 8 or 11 characters.

1
Swift Code (BIC)
A SWIFT Code is a standard format of Bank Identifier Code BIC used to specify a particular bank or branch
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These codes are used when transferring money between banks, particularly for international wire transfers
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For international wire transfers, swift codes are always required in order to make transactions secure and fast Click to copy it What is a SWIFT code? SWIFT codes are formatted as follows: AAAA BB CC DDD• Banks also use these codes for exchanging messages between them
Next 2 characters - location code, passive participant will have "1" in the second character letters and digits• Whenever an eight-character code is used, then it is referring to the headquarters main office of the institution

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For professional use, you have to subscribe to the SWIFT Online directories at the SWIFT website.

15
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If this section is omitted, then we have an 8-character swift code that is assumed to refer to the HEAD OFFICE of the institution
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That's because the banks still use an old system to exchange money
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They consist of eight or eleven characters